McKinsey partner Enno de Boer to speak at IoT Middle East 2018

07 March 2018

The speakers have been announced for the ‘Internet of Things 2018’ conference, due to take place in Dubai this March. The conference will feature more than 30 speakers, including Enno de Boer, a Partner at management consultancy McKinsey & Company.

As the Internet of Things (IoT) paradigm becomes more of a reality with each passing day, leaders of the business world are doing their best to foster a collaborative environment, to ensure wide access to the latest ideas and developments in the domain. Over the last five years, high-level executives from a range of industries have been congregating to exchange new models and challenges.

At its core, the conference is a tool for executives to advance their business in the IoT sphere, leveraging key networking assets to gain a foothold with clients, international organisations, and government institutions. In addition to broad networks, attendees gain exposure to in-depth case analysis and scenarios from leaders in the domain.

This year, 35 speakers will present at the conference, to be attended by more than 400 professionals. The conference will also be attended by a number of start-ups in the tech sector, and its situation in Dubai will lend vibrancy to this segment of activities, given the booming tech-startup environment in the Middle East, increasingly active in the IoT and Artificial Intelligence domains.

Of the experts presenting at the event, one of the most accomplished names is that of Enno de Boer, who is an Expert Partner at McKinsey & Company, in charge of the firm’s international network of McKinsey Capability Centres as well as the Mid-Atlantic Operations Hub. De Boer is also the co-leader of the compliance and quality vertical at the consulting firm.

Enno de Boer, Partner at McKinsey & Company

His expertise in IoT can be traced back to his educational background. He holds a Masters as well as a PhD in the field of mechanical engineering, from the Technical Universities of Aachen and Dresden respectively. He began his professional career at renowned automobile manufacturer BMW as a Project Manager, following which he joined McKinsey as a Consultant in 1999.

Since then, de Boer has been a steady fixture at McKinsey, first being appointed as Partner in Germany, and subsequently being shifted to the US outfit, also as Partner in the New Jersey office. He is one of the firm’s leading professionals in the digital manufacturing space, supervising its partnership with the Digital Manufacturing and Design Innovation Institute.

De Boer is responsible for founding the McKinsey Capability Centre, which has now grown to incorporate 15 training centres that train 15,000 professionals for management level every year, endowing them with the skills required to run state-of-the-art business models. He has extensive collaborative experience as well, having cooperated with the World Economic Forum on behalf of McKinsey in the domain of technology adoption, which equips him suitably for the IoT 2018 conference.

At the IoT 2018, de Boer will speak primarily about transforming businesses. The conference will also feature talks from Senior Vice President of the Lego Group, Jesper Toubol, as well as Deon Newman, Senior Vice President at IBM Watson. Presentations are scheduled from other top level executives from a range of firms, including PwC, Microsoft, Tesla, Kaspersky Lab, and GE Power, all of which represent industries that are being disrupted by IoT capabilities.

De Boer is joined by two other McKinsey Partners who will speak at the event: Vinay Chandran, A Partner with McKinsey Digital, and Christos Sermpetis, a Partner in the firm's Operations Practice and with McKinsey Digital.

EY estimates $33 billion boon to UAE economy from Expo 2020 Dubai

16 April 2019

Professional services firm Ernst & Young has outlined the potential economic impact of Expo 2020 Dubai to the UAE economy, concluding a possible $33 billion windfall in gross value add and a near 50,000 full-time equivalent jobs per annum to 2031.

With the Expo 2020 Dubai global showcase now just around the corner – and expected to attract 25 million visits from across the world during its six month schedule from October next year – professional services firm Ernst & Young has released an economic impact report for the event, calculating a US$33 billion (AED122.6 billion) boost of gross value added (GVA) to the local economy from 2013–2031 along with contributing more than 900,000 ‘job years’.

“Expo 2020 Dubai is an exciting long-term investment for the UAE, and is expected to have a significant impact on the economy and how jobs are created directly and indirectly,” said EY MENA Transaction Advisory Services partner Matthew Benson, adding; “Dubai aims to use the event to further enhance its international profile and reputation. The event will celebrate innovation, promote progress and foster cooperation, and entertain global audiences.”

According to the report, the six months of the Expo – the first to be held in anywhere in the Middle East, Africa or South Asia in the event’s 168-year history – will contribute around 1.5 percent of the UAE annual forecast GDP, with the analysts taking in ‘direct’ increases in economic activity, ‘indirect’ benefits of increased supply chain demand, and ‘induced’ benefits from increased spending by employees of participating firms to arrive at its $33 billion figure.EY estimates $33 billion boon to UAE economy from Expo 2020 DubaiConsidering further the planning and legacy phases, EY has in addition estimated AED 4.7 billion in investment to small and medium enterprises (SMEs) during the pre-Expo phase, supporting approximately 12,600 job-years, with the Expo expected to support more than 900,00 full-time equivalent (FTE) job-years in total in the Emirates from 2013 to 2031 – equivalent to some 49,700 FTE jobs. Meanwhile, strong legacy planning will ensure the ongoing benefits.

“Over 80 percent of the Expo built environment is planned to be retained for District 2020, and eventually expand into a city covering more than four million square meters,” states the report, adding that District 2020 aims to support the UAE’s future vision as to sustainable economic development and an innovation-driven economy, with a supportive business environment for key growth industries such as logistics and transport, tourism, construction, real estate and education.

“Although the Expo event lasts less than a year, the positive economic impact continues far beyond the event,” said Jamie Torrens, EY MENA’s head of Economic Advisory in its transaction advisory service division. “Across the period of our study, spanning the Pre-Expo, During-Expo and Legacy phases between 2013 and 2031, Expo 2020 is expected to support billions of dirhams of Gross Value Added (GVA) and thousands of jobs in the UAE.”

As a breakdown, the three largest impact areas across the full study period will be events organisation & business services (contributing over half of the overall figure) followed by construction and then hospitality, while transport, storage & communications will be another significant contributor during the life of the Expo and its planning phase. Retail will also see a boost during the legacy period, with nearly 550,000 jobs years created in this period across sectors.

“This independent report demonstrates that Expo 2020 Dubai is a critical long-term investment,” said Expo 2020 Executive Director Najeeb Mohammed Al-Ali. “Not only will the event encourage millions around the world to visit the UAE in 2020, it will also stimulate travel and tourism and support economic diversification for years after the Expo, leaving a sustainable economic legacy that will help to ensure the UAE remains a leading destination for business, leisure and investment.”

Related: Accenture and SAP roll out next-generation technology for Dubai Expo